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Luxottica of America Inc. Pearle Vision
Franchise research report · reviewed 2026 disclosure data
Researching Luxottica of America Inc. Pearle Vision franchise opportunities? Every figure below is cited to the FDD.
Reviewed sources
Pearle Vision operates eye care centers selling eyeglasses and contact lenses. Eye examinations are available through optometrists at or near its centers, with doctor employment arrangements varying by state.
Headline figures
Quick facts
- How much does it cost to open a Luxottica of America Inc. Pearle Vision franchise?
- The Luxottica of America Inc. Pearle Vision Franchise Disclosure Document reports separate estimated initial investments by format: $788,696–$1,228,956 for newoperator newfullservice total (2026 FDD, Item 7, PDF p. 23); $778,696–$1,218,956 for existingoperator newfullservice total (2026 FDD, Item 7, PDF p. 23); $83,523–$550,847 for conversion only (newoperator independentconversion total) (2026 FDD, Item 7, PDF p. 30); $30,000–$439,200 for development additional total (2026 FDD, Item 7, PDF p. 29); $73,523–$540,847 for conversion only (existingoperator independentconversion total) (2026 FDD, Item 7, PDF p. 30). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What ongoing fees does Luxottica of America Inc. Pearle Vision charge?
- The disclosed ongoing royalty is $7 (2026 FDD, Item 6, PDF p. 18). The brand or advertising fund contribution is $8 (2026 FDD, Item 6, PDF p. 18). Other recurring fees are listed in Item 6. Details
- Does Luxottica of America Inc. Pearle Vision disclose financial performance (Item 19)?
- Yes. The Luxottica of America Inc. Pearle Vision FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 75). Figures apply only to the locations and period each one covers. Details
- How many Luxottica of America Inc. Pearle Vision locations are there?
- The FDD reports 484 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 82). Existing locations do not indicate territory availability. Details
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1The 2026 FDD (Item 7) estimates opening costs separately by format: $788,696 – $1,228,956 (Newoperator newfullservice total); $778,696 – $1,218,956 (Existingoperator newfullservice total); $83,523 – $550,847 (Newoperator independentconversion total); $30,000 – $439,200 (Development additional total); $73,523 – $540,847 (Existingoperator independentconversion total); several initial fee options apply.
- 2Item 19 covers 23 separate groups: other measures for 42 franchised only locations; other measures for 42 franchised only locations; other measures for 169 franchised only locations; other measures for 43 franchised only locations; other measures for 169 franchised only locations; other measures for 42 franchised only locations; other measures for 43 franchised only locations; other measures for 42 franchised only locations; other measures for 169 franchised only locations; other measures for 42 franchised only locations; other measures for 169 franchised only locations; other measures for 42 franchised only locations; other measures for 43 franchised only locations; other measures for 64 franchised only locations; other measures for 16 franchised only locations; other measures for 131 franchised only locations; other measures for 33 franchised only locations; other measures for 32 franchised only locations; other measures for 42 franchised only locations; other measures for 42 franchised only locations; other measures for 43 franchised only locations; other measures for 32 franchised only locations; other measures for 131 franchised only locations. They are not combined.
- 3Outlets declined by 16 in 2025, to 484 (United States including PuertoRicoGuam, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Range across 5 single-unit formats
2026 FDD · Item 7
Formats disclosed in Item 7 (5)
Each format has its own total. The total depends on the format you choose.
- Development additionalPDF p. 29$30,000 – $439,200
- Existingoperator independentconversionPDF p. 30$73,523 – $540,847
- Newoperator independentconversionPDF p. 30$83,523 – $550,847
- Existingoperator newfullservicePDF p. 23$778,696 – $1,218,956
- Newoperator newfullservicePDF p. 23$788,696 – $1,228,956
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Royalty monthlygross excludesprofessionalMain ongoing fee
65 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
23 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Other measures · 42 locations
- Who is counted
- Table 1A, Q1 of OD Owner EyeCare Centers (owned by an optometrist or ophthalmologist); fiscal year ended December 31, 2025
- Period
- Number of Stores Reporting
- Excluded
- Full-service operating platform; at least one year of operating results; submitted Full Service Operating Model Unaudited Financial Statements and MFRs for the last fiscal year; no Company-Owned EyeCare Centers. Other centers excluded: 5 not using the platform, 20 with less than 1 year of results, 23 late fourth-quarter submissions, 29 without four quarters from Q4 2024 through Q3 2025, and 14 located in Canada.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 42 locations
- Who is counted
- Table 1A, Q4 of OD Owner EyeCare Centers (owned by an optometrist or ophthalmologist); fiscal year ended December 31, 2025
- Period
- Number of Stores Reporting
- Excluded
- Full-service operating platform; at least one year of operating results; submitted Full Service Operating Model Unaudited Financial Statements and MFRs for the last fiscal year; no Company-Owned EyeCare Centers. Other centers excluded: 5 not using the platform, 20 with less than 1 year of results, 23 late fourth-quarter submissions, 29 without four quarters from Q4 2024 through Q3 2025, and 14 located in Canada.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 169 locations
- Who is counted
- Table 1A, all reporting OD Owner EyeCare Centers (owned by an optometrist or ophthalmologist); fiscal year ended December 31, 2025
- Period
- Net Retail Revenue
- Excluded
- Full-service operating platform; at least one year of operating results; submitted Full Service Operating Model Unaudited Financial Statements and MFRs for the last fiscal year; no Company-Owned EyeCare Centers. Other centers excluded: 5 not using the platform, 20 with less than 1 year of results, 23 late fourth-quarter submissions, 29 without four quarters from Q4 2024 through Q3 2025, and 14 located in Canada.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 43 locations
- Who is counted
- Table 1A, Q3 of OD Owner EyeCare Centers (owned by an optometrist or ophthalmologist); fiscal year ended December 31, 2025
- Period
- Net Retail Revenue
- Excluded
- Full-service operating platform; at least one year of operating results; submitted Full Service Operating Model Unaudited Financial Statements and MFRs for the last fiscal year; no Company-Owned EyeCare Centers. Other centers excluded: 5 not using the platform, 20 with less than 1 year of results, 23 late fourth-quarter submissions, 29 without four quarters from Q4 2024 through Q3 2025, and 14 located in Canada.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 169 locations
- Who is counted
- Table 1A, 4th quartile of OD Owner EyeCare Centers (owned by an optometrist or ophthalmologist); fiscal year ended December 31, 2025
- Period
- Net Exam Revenue
- Excluded
- Full-service operating platform; at least one year of operating results; submitted Full Service Operating Model Unaudited Financial Statements and MFRs for the last fiscal year; no Company-Owned EyeCare Centers. Other centers excluded: 5 not using the platform, 20 with less than 1 year of results, 23 late fourth-quarter submissions, 29 without four quarters from Q4 2024 through Q3 2025, and 14 located in Canada.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 42 locations
- Who is counted
- Table 1A, 4th quartile of OD Owner EyeCare Centers (owned by an optometrist or ophthalmologist); fiscal year ended December 31, 2025
- Period
- Net Exam Revenue
- Excluded
- Full-service operating platform; at least one year of operating results; submitted Full Service Operating Model Unaudited Financial Statements and MFRs for the last fiscal year; no Company-Owned EyeCare Centers. Other centers excluded: 5 not using the platform, 20 with less than 1 year of results, 23 late fourth-quarter submissions, 29 without four quarters from Q4 2024 through Q3 2025, and 14 located in Canada.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 43 locations
- Who is counted
- Table 1A, 4th quartile of OD Owner EyeCare Centers (owned by an optometrist or ophthalmologist); fiscal year ended December 31, 2025
- Period
- Net Exam Revenue
- Excluded
- Full-service operating platform; at least one year of operating results; submitted Full Service Operating Model Unaudited Financial Statements and MFRs for the last fiscal year; no Company-Owned EyeCare Centers. Other centers excluded: 5 not using the platform, 20 with less than 1 year of results, 23 late fourth-quarter submissions, 29 without four quarters from Q4 2024 through Q3 2025, and 14 located in Canada.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 42 locations
- Who is counted
- Table 1A, Q4 of OD Owner EyeCare Centers, owned by an optometrist or ophthalmologist; fiscal year ended December 31, 2025
- Period
- Cost of Goods Sold ($)
- Excluded
- For 2025, full-service operating model EyeCare Centers with at least one year of operating results and full-year statements/reports; no Company-Owned EyeCare Centers. Excluded: 5 not using full-service platform, 20 with less than one year, 23 late fourth-quarter submissions, 29 without four quarters from Q4 2024 through Q3 2025, and 14 located in Canada.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 169 locations
- Who is counted
- Table 1A, all reporting OD Owner EyeCare Centers, owned by an optometrist or ophthalmologist; fiscal year ended December 31, 2025
- Period
- Cost of Goods Sold (%)
- Excluded
- For 2025, full-service operating model EyeCare Centers with at least one year of operating results and full-year statements/reports; no Company-Owned EyeCare Centers. Excluded: 5 not using full-service platform, 20 with less than one year, 23 late fourth-quarter submissions, 29 without four quarters from Q4 2024 through Q3 2025, and 14 located in Canada.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 42 locations
- Who is counted
- Table 1A, Q2 of OD Owner EyeCare Centers, owned by an optometrist or ophthalmologist; fiscal year ended December 31, 2025
- Period
- Cost of Goods Sold (%)
- Excluded
- For 2025, full-service operating model EyeCare Centers with at least one year of operating results and full-year statements/reports; no Company-Owned EyeCare Centers. Excluded: 5 not using full-service platform, 20 with less than one year, 23 late fourth-quarter submissions, 29 without four quarters from Q4 2024 through Q3 2025, and 14 located in Canada.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 169 locations
- Who is counted
- ODowner
- Period
- Gross Margin ($)
- Excluded
- 5nonfullservice,20<1year,23lateQ4,29missingfourquartersQ42024–Q32025,14Canada;no company owned.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 42 locations
- Who is counted
- ODowner
- Period
- Gross Margin ($)
- Excluded
- 5nonfullservice,20<1year,23lateQ4,29missingfourquartersQ42024–Q32025,14Canada;no company owned.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 43 locations
- Who is counted
- ODowner
- Period
- Gross Margin ($)
- Excluded
- 5nonfullservice,20<1year,23lateQ4,29missingfourquartersQ42024–Q32025,14Canada;no company owned.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 64 locations
- Who is counted
- Sublease
- Period
- Number of Stores Reporting
- Excluded
- 5nonfullservice,20<1year,23lateQ4,29missingfourquartersQ42024–Q32025,14Canada;no company owned.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 16 locations
- Who is counted
- Sublease
- Period
- Number of Stores Reporting
- Excluded
- 5nonfullservice,20<1year,23lateQ4,29missingfourquartersQ42024–Q32025,14Canada;no company owned.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 131 locations
- Who is counted
- EmployedOD
- Period
- Number of Stores Reporting
- Excluded
- 5nonfullservice,20<1year,23lateQ4,29missingfourquartersQ42024–Q32025,14Canada;no company owned.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 33 locations
- Who is counted
- EmployedOD
- Period
- Number of Stores Reporting
- Excluded
- 5nonfullservice,20<1year,23lateQ4,29missingfourquartersQ42024–Q32025,14Canada;no company owned.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 32 locations
- Who is counted
- EmployedOD
- Period
- Net Retail Revenue
- Excluded
- 5nonfullservice,20<1year,23lateQ4,29missingfourquartersQ42024–Q32025,14Canada;no company owned.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 42 locations
- Who is counted
- Table 1A, Q2 of OD Owner EyeCare Centers (owned by an optometrist or ophthalmologist); fiscal year ended December 31, 2025
- Period
- Number of Stores Reporting
- Excluded
- Full-service operating platform; at least one year of operating results; submitted Full Service Operating Model Unaudited Financial Statements and MFRs for the last fiscal year; no Company-Owned EyeCare Centers. Other centers excluded: 5 not using the platform, 20 with less than 1 year of results, 23 late fourth-quarter submissions, 29 without four quarters from Q4 2024 through Q3 2025, and 14 located in Canada.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 42 locations
- Who is counted
- Table 1A, Q1 of OD Owner EyeCare Centers, owned by an optometrist or ophthalmologist; fiscal year ended December 31, 2025
- Period
- Cost of Goods Sold ($)
- Excluded
- For 2025, full-service operating model EyeCare Centers with at least one year of operating results and full-year statements/reports; no Company-Owned EyeCare Centers. Excluded: 5 not using full-service platform, 20 with less than one year, 23 late fourth-quarter submissions, 29 without four quarters from Q4 2024 through Q3 2025, and 14 located in Canada.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 43 locations
- Who is counted
- Table 1A, Q3 of OD Owner EyeCare Centers, owned by an optometrist or ophthalmologist; fiscal year ended December 31, 2025
- Period
- Cost of Goods Sold ($)
- Excluded
- For 2025, full-service operating model EyeCare Centers with at least one year of operating results and full-year statements/reports; no Company-Owned EyeCare Centers. Excluded: 5 not using full-service platform, 20 with less than one year, 23 late fourth-quarter submissions, 29 without four quarters from Q4 2024 through Q3 2025, and 14 located in Canada.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 32 locations
- Who is counted
- Table 3A/3B, Q1 of Employed EyeCare Centers, owned by an optometrist, ophthalmologist, optician or investor that employs the optometrist or ophthalmologist; fiscal year ended December 31, 2025
- Period
- retail mean
- Excluded
- For 2025, full-service operating model EyeCare Centers with at least one year of operating results and full-year statements/reports; no Company-Owned EyeCare Centers. Other centers excluded: 5 not using full-service platform, 20 with less than one year, 23 late fourth-quarter submissions, 29 without four quarters from Q4 2024 through Q3 2025, and 14 located in Canada.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
Locations counted: not stated in the reviewed record
Other measures · 131 locations
- Who is counted
- Table 3A/3B, all reporting Employed EyeCare Centers, owned by an optometrist, ophthalmologist, optician or investor that employs the optometrist or ophthalmologist; fiscal year ended December 31, 2025
- Period
- retail mean
- Excluded
- For 2025, full-service operating model EyeCare Centers with at least one year of operating results and full-year statements/reports; no Company-Owned EyeCare Centers. Other centers excluded: 5 not using full-service platform, 20 with less than one year, 23 late fourth-quarter submissions, 29 without four quarters from Q4 2024 through Q3 2025, and 14 located in Canada.
- Method
- Unaudited fullserviceplatform P&L/balances/monthlyreports; monetary amounts thousanddollars. Payroll includes owners/nonownerODtaxbenefits; occupancy includesdepreciation/CAM lesssubleaseincome;otherexpensesincludesinterest. EBITDA definition source beforetaxinterestdepreciationamortization.
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
United States including PuertoRicoGuam, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 82
Net −22 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($30,000 – $1,228,956) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Which locations are included in the Item 19 figures, and which were excluded?
Reported units decreased from 500 to 484 in 2025. What drove the change?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
How do your results compare with the Item 19 figures, and what explains the difference?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2026 FDD)
- [1]Item 19 — Locations counted not stated in the reviewed record — Table 1A, Q1 of OD Owner EyeCare Centers (owned by an optometrist or ophthalmol… · PDF p. 75
- [2]Item 19 — Locations counted not stated in the reviewed record — Table 1A, Q4 of OD Owner EyeCare Centers (owned by an optometrist or ophthalmol… · PDF p. 75
- [3]Item 19 — Locations counted not stated in the reviewed record — Table 1A, all reporting OD Owner EyeCare Centers (owned by an optometrist or op… · PDF p. 75
- [4]Item 19 — Locations counted not stated in the reviewed record — Table 1A, Q3 of OD Owner EyeCare Centers (owned by an optometrist or ophthalmol… · PDF p. 75
- [5]Item 19 — Locations counted not stated in the reviewed record — Table 1A, 4th quartile of OD Owner EyeCare Centers (owned by an optometrist or… · PDF p. 75
- [6]Item 19 — Locations counted not stated in the reviewed record — Table 1A, 4th quartile of OD Owner EyeCare Centers (owned by an optometrist or… · PDF p. 75
- [7]Item 19 — Locations counted not stated in the reviewed record — Table 1A, 4th quartile of OD Owner EyeCare Centers (owned by an optometrist or… · PDF p. 75
- [8]Item 19 — Locations counted not stated in the reviewed record — Table 1A, Q4 of OD Owner EyeCare Centers, owned by an optometrist or ophthalmol… · PDF p. 75
- [9]Item 19 — Locations counted not stated in the reviewed record — Table 1A, all reporting OD Owner EyeCare Centers, owned by an optometrist or op… · PDF p. 75
- [10]Item 19 — Locations counted not stated in the reviewed record — Table 1A, Q2 of OD Owner EyeCare Centers, owned by an optometrist or ophthalmol… · PDF p. 75
- [11]Item 19 — Locations counted not stated in the reviewed record — ODowner · PDF p. 75; PDF p. 76
- [12]Item 19 — Locations counted not stated in the reviewed record — ODowner · PDF p. 75; PDF p. 76
- [13]Item 19 — Locations counted not stated in the reviewed record — ODowner · PDF p. 75; PDF p. 76
- [14]Item 19 — Locations counted not stated in the reviewed record — Sublease · PDF p. 77; PDF p. 78
- [15]Item 19 — Locations counted not stated in the reviewed record — Sublease · PDF p. 77; PDF p. 78
- [16]Item 19 — Locations counted not stated in the reviewed record — EmployedOD · PDF p. 79; PDF p. 80
- [17]Item 19 — Locations counted not stated in the reviewed record — EmployedOD · PDF p. 79; PDF p. 80
- [18]Item 19 — Locations counted not stated in the reviewed record — EmployedOD · PDF p. 79; PDF p. 80
- [19]Item 19 — Locations counted not stated in the reviewed record — Table 1A, Q2 of OD Owner EyeCare Centers (owned by an optometrist or ophthalmol… · PDF p. 75
- [20]Item 19 — Locations counted not stated in the reviewed record — Table 1A, Q1 of OD Owner EyeCare Centers, owned by an optometrist or ophthalmol… · PDF p. 75
- [21]Item 19 — Locations counted not stated in the reviewed record — Table 1A, Q3 of OD Owner EyeCare Centers, owned by an optometrist or ophthalmol… · PDF p. 75
- [22]Item 19 — Locations counted not stated in the reviewed record — Table 3A/3B, Q1 of Employed EyeCare Centers, owned by an optometrist, ophthalmo… · PDF p. 80
- [23]Item 19 — Locations counted not stated in the reviewed record — Table 3A/3B, all reporting Employed EyeCare Centers, owned by an optometrist, o… · PDF p. 80
- [24]Outlet counts — Item 20, Table 1 · PDF p. 82
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
453 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2024 | assets cash | $14,151,007 |
| 2024 | receivables net | $214,501,193 |
| 2024 | prepaid expenses and other assets | $15 |
| 2024 | deferred tax assets | $1,641,116 |
| 2024 | total assets | $527,946,301 |
| 2024 | accrued liabilities | $55,874,674 |
| 2024 | other liabilities | $6,736,573 |
| 2024 | total liabilities | $181,216,365 |
| 2024 | accumulated earnings | $346,728,936 |
| 2024 | total shareholder equity | $346,729,936 |
| 2024 | intercompany interest income | $10,114,985 |
| 2024 | total revenues | $165,120,833 |
| 2024 | professional services | $1,847,659 |
| 2024 | total expenses | $82,894,098 |
| 2024 | income before income taxes | $82,226,735 |
| 2024 | net income | $62,392,980 |
| 2024 | adjustments to reconcile net income to net cash from operating activities deferred tax assets | -$148,689 |
| 2024 | change in assets and liabilities receivables - net | -$37,584,294 |
| 2024 | total adjustments | -$23,308,767 |
| 2024 | cash flows from financing activities due to affiliates | $17,103,913 |
| 2024 | net change in cash | $9,906,032 |
| 2024 | supplemental disclosures income taxes paid to affiliate | $17,103,117 |
| 2024 | note payable - due from affiliates | $297,652,970 |
| 2024 | income taxes payable | $19,243,795 |
| 2024 | total liabilities and shareholder equity | $527,946,301 |
| 2024 | other expenses | $3,101,251 |
| 2024 | accounts payable | $20,892,675 |
| 2024 | note payable - due to affiliates | $78,468,648 |
| 2024 | administrative services - net third parties | $124,953,862 |
| 2024 | fixed fee revenue | $2,180,266 |
| 2024 | common stock | $1,000 |
| 2024 | administration allocation from affiliates | $77,945,188 |
| 2024 | total administration | $81,046,439 |
| 2024 | income tax expense | $19,833,755 |
| 2024 | accumulated earnings beginning of year | $284,335,956 |
| 2024 | cash flows from operating activities net income | $62,392,980 |
| 2024 | net cash from operating activities | $39,084,213 |
| 2024 | cash flows from investing activities due from affilates | -$46,282,094 |
| 2024 | cash beginning of year | $4,244,975 |
| 2024 | end of year | $14,151,007 |
| 2023 | assets cash | $4,244,975 |
| 2023 | receivables net | $176,916,899 |
| 2023 | note payable - due from affiliates | $251,370,876 |
| 2023 | deferred tax assets | $1,492,427 |
| 2023 | total assets | $434,025,177 |
| 2023 | accounts payable | $19,509,498 |
| 2023 | note payable - due to affiliates | $61,364,735 |
| 2023 | accrued liabilities | $47,477,956 |
| 2023 | other liabilities | $4,232,765 |
| 2023 | income taxes payable | $17,103,267 |
| 2023 | common stock | $1,000 |
| 2023 | accumulated earnings | $284,335,956 |
| 2023 | intercompany interest income | $9,402,672 |
| 2023 | total revenues | $151,639,817 |
| 2023 | professional services | $1,817,051 |
| 2023 | total expenses | $74,885,233 |
| 2023 | income tax expense | $17,943,372 |
| 2023 | accumulated earnings beginning of year | $225,524,743 |
| 2023 | adjustments to reconcile net income to net cash from operating activities deferred tax assets | $787,703 |
| 2023 | change in assets and liabilities receivables - net | -$23,556,577 |
| 2023 | total adjustments | -$34,351,985 |
| 2023 | cash flows from investing activities due from affilates | -$37,126,656 |
| 2023 | cash flows from financing activities due to affiliates | $15,382,500 |
| 2023 | net change in cash | $2,715,072 |
| 2023 | cash beginning of year | $1,529,903 |
| 2023 | end of year | $4,244,975 |
| 2023 | supplemental disclosures income taxes paid to affiliate | $15,381,740 |
| 2023 | other expenses | -$2,433,859 |
| 2023 | total liabilities and shareholder equity | $434,025,177 |
| 2023 | total shareholder equity | $284,336,956 |
| 2023 | total liabilities | $149,688,221 |
| 2023 | fixed fee revenue | $2,088,646 |
| 2023 | administrative services - net third parties | $114,025,814 |
| 2023 | administration allocation from affiliates | $75,502,041 |
| 2023 | total administration | $73,068,182 |
| 2023 | income before income taxes | $76,754,585 |
| 2023 | net income | $58,811,213 |
| 2023 | net cash from operating activities | $24,459,228 |
| 2023 | cash flows from operating activities net income | $58,811,213 |
| 2022 | fixed fee revenue | $1,705,471 |
| 2022 | administrative services - net third parties | $106,257,886 |
| 2022 | intercompany interest income | $2,979,632 |
| 2022 | total revenues | $133,471,397 |
| 2022 | total administration | $71,683,411 |
| 2022 | total expenses | $73,701,392 |
| 2022 | income before income taxes | $59,770,005 |
| 2022 | income tax expense | $14,553,451 |
| 2022 | accumulated earnings beginning of year | $180,308,189 |
| 2022 | cash flows from operating activities net income | $45,216,554 |
| 2022 | adjustments to reconcile net income to net cash from operating activities deferred tax assets | -$1,079,162 |
| 2022 | change in assets and liabilities receivables - net | -$15,533,381 |
| 2022 | cash flows from investing activities due from affilates | -$62,707,268 |
| 2022 | cash flows from financing activities due to affiliates | $11,365,628 |
| 2022 | net change in cash | $1,529,903 |
| 2022 | end of year | $1,529,903 |
| 2022 | supplemental disclosures income taxes paid to affiliate | $11,365,343 |
| 2022 | professional services | $2,017,981 |
| 2022 | administration allocation from affiliates | $66,982,280 |
| 2022 | other expenses | $4,701,131 |
| 2022 | net income | $45,216,554 |
| 2022 | total adjustments | $7,654,989 |
| 2022 | net cash from operating activities | $52,871,543 |
| — | administrative services, netMore than one value recorded for this year — open the FDD source before comparing | $27,871,720 |
| — | accumulated earningsMore than one value recorded for this year — open the FDD source before comparing | $346,728,936 |
| — | accumulated earningsMore than one value recorded for this year — open the FDD source before comparing | $284,335,956 |
| — | prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing | $32 |
| — | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $312,592 |
| — | other liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $2,094,921 |
| — | income taxes payableMore than one value recorded for this year — open the FDD source before comparing | $2,140,528 |
| — | income taxes payableMore than one value recorded for this year — open the FDD source before comparing | $4,016,171 |
| — | accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | -$4,101,613 |
| — | administrative services, netMore than one value recorded for this year — open the FDD source before comparing | $26,122,686 |
| — | administrative services, netMore than one value recorded for this year — open the FDD source before comparing | $22,528,408 |
| — | accumulated earningsMore than one value recorded for this year — open the FDD source before comparing | $225,524,743 |
| — | prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing | -$32 |
| — | other liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $1,229,533 |
| — | income taxes payableMore than one value recorded for this year — open the FDD source before comparing | $1,724,053 |
| — | accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $18,709,268 |
| — | prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing | -$15 |
| — | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $1,383,177 |
| — | accounts payableMore than one value recorded for this year — open the FDD source before comparing | -$11,300,504 |
| — | other liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $2,503,808 |
| — | accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $8,396,718 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.
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Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table1 national company 2025 netchange
“2025 59 60 1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table1 national company 2023 start
“2023 62 61 -1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table1 national company 2024 end
“2024 61 59 -2”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table1 national company 2025 start
“2025 59 60 1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table1 national company 2025 end
“2025 59 60 1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table1 national company 2023 end
“2023 62 61 -1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table1 national company 2024 start
“2024 61 59 -2”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.